Dollar’s newfound resilience could still consolidate into Thursday’s US inflation numbers – ING DollarIndex Inflation Currencies Bonds Banks
It has been a slow start to the week in the currency market, with the Dollar being mixed. Economists at ING analyze USD outlook.With the exception of the Yen, it appears that most G10 currencies are losing their direct exposure to swings in US bond yields. At this stage, it would probably take a larger swing in yields to cause a substantial spill-over into FX than it did before the US credit downgrade by Fitch.
Still, we expect some consolidation of the Dollar around current levels into Thursday’s inflation numbers.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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